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General Discussion · Hi Y'all ...
davesaint86
msg #158893
modified
3/26/2022 6:02:03 PM

I did some analysis on the 10-year treasury yield and produced the chart below.

https://www.tradingview.com/x/NC7bORzF/?fbclid=IwAR3toks73n_CAVdm3cFi9yIv2sjxgsJhf6X9CviBA1VKQ8G0cGbR-GeA_dg


Filter Exchange · V2 & V1 - Value Zone
davesaint86
msg #158880
3/24/2022 2:45:35 PM

Here is the V1 filter.

Fetcher[show stocks with a Average Volume(30) between 500000 and 1000000000 and where close > close 1 day ago and where low < low 1 day ago and 25%-atr > 0.00

Low is below the Lower Keltner Band(20) 1 day ago
close is above the lower keltner band(20)


price > 10

set{atr25, atr(20) * 0.25}
set{alow, low 1 day ago - atr25}
and draw alow on plot price
and low below alow 1 day ago
set{QtrAtr, pdl - atr25}


set{25%-ATR, alow - low}
add column 25%-ATR
do no draw 25%-ATR

add column rsi(14)
add draw rsi(14) line at 50
add column separator

add column Low {TDL}
add column Low 1 day ago {PDL}
add column alow
add column atr25

add column separator
add column Close {TDC}
add column close 1 day ago {PDC}
add column separator
sort on column 5 descending
]



Filter Exchange · V2 & V1 - Value Zone
davesaint86
msg #158879
3/24/2022 2:43:27 PM

Thanks Ed! Gossett had a programmer create a scanner that scans daily for all of his strategies. He showed me the scanner. He said I will have access to the scanner when I'm done with the training. I thought it would be nice though to build the filters in SF so other could use or improve on them.

Davesaint

General Discussion · Gossett Trading & Mentoring - 2/12/22 - Review of last week's stock trades & potential stock trade set ups for the upcoming week
davesaint86
msg #158874
3/24/2022 10:59:40 AM

I started using the Gosset system trading live on March 15th. My trades included AAPL, SPY, AMD and GPRE. AAPL has been my biggest winner. GPRE was the biggest loser. I called my own audible on GPRE and AMD getting out of both early instead of waiting until the end of the day. I was able to salvage a small profit on AMD.

What I like - the risk management (Position sizing, Profit Targets, Can use strategies on all timeframes - which I haven't done yet)

What I do not like - I may not have the discipline to wait until the end of the day (End of the Stop) to sell. Gossett recommends trading his back tested Stock/ETF list which would have been the smarter move. I went off script with GPRE which has an ADR over 5% and I took a loss. If I would have waited until the end of the day I would have lost more.

Filter Exchange · V2 & V1 - Value Zone
davesaint86
msg #158872
modified
3/23/2022 11:48:55 PM

Thanks Cheese! The signals seem to line up correctly when I analyzed SPY going back to the COVID crash.
https://school.stockcharts.com/doku.php?id=chart_analysis:elder_impulse_system

Davesaint

Filter Exchange · V2 & V1 - Value Zone
davesaint86
msg #158870
3/23/2022 7:49:38 PM

Here is an actual V2 trade I took at close today of GLD,

https://www.tradingview.com/x/KuzdFlrI/


Filter Exchange · V2 & V1 - Value Zone
davesaint86
msg #158869
modified
3/23/2022 7:37:51 PM

Had another training session with Gregg Gossett last night where he introduced to me the V1 and V2 Value Zone strategy rules. He said Kelly Lovvorn and Alexander Elder taught him these strategies. Below is a V2 filter that I attempted create. I think it still needs some work. V1 and V2 are a mean reversion strategies, where price after reaching exhaustion come back down through the Upper Keltner Bands into what he calls the Value Zone. The Value Zone is area within the Keltner Band(20).
Price should come into the zone and consolidate for minimum of two days.
The next day (day 1) if still consolidating will start the V2 pattern.
The (day 2) candle should have a lower low and a close lower than the Day 1 candle. This candle should be at least 1/4 ATR below the day 1 candle. The lower end of the candle should wash out the some of the candles in consolidation pattern.
The (day 3 candle) should have a higher low than the day 2 candle. It also needs to close higher than they day 1 and day 2 candles. One would buy at the close on this candle.

Any improvements that help improve this filter will be appreciated. Thanks! I set the offset to 5 days. MFC is an example of a V2 (though not perfect). I look at V2 as just a fractal with a breakout above the fractal. GLD was a valid V2 but signal today, but this filter did filter it, so something is wrong with it.

Fetcher[show stocks with an Average Volume(30) between 500000 and 1000000000
Low is below the Lower Keltner Band(20) 1 day ago
close is above the lower Keltner band(20)

and where close > close 1 day ago
and where close > close 2 days ago
and 25%-atr > 0.00
and where low 1 day ago < low 2 days ago
low 1 day ago < low


price > 10

set{atr25, atr(20) * 0.25}
set{alow, low 2 days ago - atr25}
and draw alow on plot price
and low below alow 1 day ago
set{QtrAtr, pdl - atr25}


set{25%-ATR, alow - low}
add column 25%-ATR
do no draw 25%-ATR

add column rsi(14)
add draw rsi(14) line at 50
add column separator

add column Low {Todays-Low}
add column Low 1 day ago {Low-1-Day Ago}
add column Low 2 dasy ago {Low-2-Days Ago}
add column separator
add column alow
add column atr25

add column separator
add column Close {Today's Close}
add column close 1 day ago {1-day-ago}
add column close 2 days ago {2-days-ago}

add column separator
sort on column 5 descending
date offset 5 days
]



General Discussion · Gossett Trading & Mentoring - 2/12/22 - Review of last week's stock trades & potential stock trade set ups for the upcoming week
davesaint86
msg #158835
3/19/2022 5:03:58 PM

https://www.youtube.com/watch?v=_wEBQV6dnH0&t=477s

3/19/22 - Weekly Video

General Discussion · Hi Y'all ...
davesaint86
msg #158832
3/18/2022 7:56:00 PM


I bought AAPL, SPY on Wednesday and MMM today. I'm watching GLD, DBC and XLE.

Davesaint

General Discussion · Hi Y'all ...
davesaint86
msg #158829
3/18/2022 4:07:45 PM

Mactheriverrat - I like this chart you posted (GLD/XLE).

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